SASKATOON, July 7, 2014 /PRNewswire/ - Claude Resources Inc. ("Claude" and or the "Company") today announced record production
results of 18,742 ounces during the second quarter, representing a 51%
increase over the 12,438 ounces produced in the second quarter of 2013.
Year to date, the Company has produced 30,086 ounces of gold, a 47%
increase from the second half of 2013. Total ounces sold during the
quarter increased approximately 53% from the second quarter of 2013.
Year to date, the Company sold approximately 28,600 ounces of gold,
representing a 37% increasing from the first half of 2013. The grade in
the second quarter also increased significantly by 50% to 7.70 grams
per tonne from the 5.13 grams per tonne during the second quarter of
2013.

Seabee Gold Operation Production Data

Q2

Q2

YTD

YTD

2014

2013

2014

2013

Tonnes Milled

79,746

79,077

144,116

140,954

Head Grade (grams per tonne)

7.70

5.13

6.83

4.77

Recovery (%)

95.0

95.3

95.0

94.9

Gold Produced (ounces)

18,742

12,438

30,086

20,520

Gold Sold (ounces)

17,700

11,532

28,600

20,833

Mike Sylvestre, Interim President and CEO stated, "During the second
quarter we set new operating records in ounces produced and poured.
Specifically in June, we achieved both record ounces produced sold of
7,798 ounces and 9,751 ounces of gold, respectively. The main
contributors in the second quarter performance came from both improved
grade and increased tonnage from the new Alimak mining method on the
L62 deposit at the Seabee Mine and with the Santoy Gap deposit ramping
up ahead of schedule. The Cash Flow Optimization Plan, which is
designed to focus on higher margin ounces and cost containment, also
played an important role in improved production and with anticipated
improvement in costs. I am confident that we can continue this momentum
with our cash flow optimization plan solidly in place and with a
current stockpile of ore at the mill of approximately 20,000 tonnes.
Along with improved operating performance, the Company has made
significant advancement in decreasing its debt and expects, at forecast
production rates, to effectively manage its interest and principal
payments."

In addition, the Company continues to make progress in advancing the
Santoy Gap deposit. The Company had scheduled to begin long-hole mining
in the fourth quarter of 2014; however, with the early completion of
the ventilation raise, this is now forecast to begin during the third
quarter. During the second quarter, the Santoy Gap produced
approximately 125 tonnes per day and is expected to ramp up to
approximately 200 to 300 tonnes per day by the end of the year. The
addition of the Santoy Gap deposit is expected to increase production
and margins by the beginning of 2015.

The Company remains confident that it will meet or exceed its 2014
production guidance of 47,000 to 51,000 ounces of gold. Further
operating and financial details of the second quarter will be announced
at the beginning of August.

Claude Resources Inc. is a publicly traded gold exploration and mining company based in
Saskatoon, Saskatchewan, whose shares trade on the Toronto Stock
Exchange (TSX: CRJ) and the OTCQB (OTCQB: CLGRF). Its asset base is
located entirely in Canada and since 1991, Claude has produced over
1,000,000 ounces of gold from its Seabee Gold Operation in northeastern
Saskatchewan. The Company also owns 100 percent of the Amisk Gold
Project in northeastern Saskatchewan.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

All statements, other than statements of historical fact, contained or
incorporated by reference in this news release and constitute
"forward-looking information" within the meaning of applicable Canadian
securities laws and "forward-looking statements" within the meaning of
the United States Private Securities Litigation Reform Act of 1995
(referred to herein as "forward-looking statements"). Forward-looking
statements include, but are not limited to, statements with respect to
the future price of gold, the estimation of mineral reserves and
resources, the realization of mineral reserve estimates, the timing and
amount of estimated future production, costs of production, capital
expenditures, costs and timing of the development of new deposits,
success of exploration activities, permitting time lines, currency
exchange rate fluctuations, requirements for additional capital,
government regulation of mining operations, environmental risks,
unanticipated reclamation expenses, title disputes or claims and
limitations on insurance coverage. Generally, these forward-looking
statements can be identified by the use of forward-looking terminology
such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate" or "believes", or the negative
connotation thereof or variations of such words and phrases or state
that certain actions, events or results, "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved" or the negative
connotation thereof.

All forward-looking statements are based on various assumptions,
including, without limitation, the expectations and beliefs of
management, the assumed long-term price of gold, that the Company will
receive required permits and access to surface rights, that the Company
can access financing, appropriate equipment and sufficient labour, and
that the political environment within Canada will continue to support
the development of mining projects in Canada.

Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Claude to be
materially different from those expressed or implied by such
forward-looking statements, including but not limited to: actual
results of current exploration activities; environmental risks; future
prices of gold; possible variations in ore reserves, grade or recovery
rates; mine development and operating risks; accidents, labour issues
and other risks of the mining industry; delays in obtaining government
approvals or financing or in the completion of development or
construction activities; and other risks and uncertainties, including
but not limited to those discussed in the section entitled "Business
Risk" in the Company's Annual Information Form. These risks and
uncertainties are not, and should not be construed as being,
exhaustive.

Although Claude has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be
no assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements.

Forward-looking statements in this news release are made as of the date
of this news release and accordingly, are subject to change after such
date. Except as otherwise indicated by Claude, these statements do not
reflect the potential impact of any non-recurring or other special
items that may occur after the date hereof. Forward-looking statements
are provided for the purpose of providing information about
management's current expectations and plans and allowing investors and
others to get a better understanding of our operating environment.

Claude does not undertake to update any forward-looking statements that
are incorporated by reference herein, except in accordance with
applicable securities laws.